William Blair Brokers Cuts Revenue Estimates for Sealed Air Co. (NYSE:SEE)

Sealed Air Co. (NYSE:SEE – Free Report) – Equities research analysts at William Blair cut their Q3 2024 earnings per share (EPS) estimates for shares of Sealed Air in a note issued to investors on Friday, August 9th. William Blair analyst R. Sparenblek now anticipates that the industrial products company will post earnings per share of $0.60 for the quarter, down from their previous forecast of $0.69. William Blair has a “Market Perform” rating on the stock. The consensus estimate for Sealed Air’s current full-year earnings is $2.86 per share. William Blair also issued estimates for Sealed Air’s Q4 2024 earnings at $0.69 EPS, FY2024 earnings at $2.90 EPS and FY2025 earnings at $3.15 EPS.

Sealed Air (NYSE:SEE – Get Free Report ) last posted its quarterly earnings results on Thursday, August 8th. The industrial products company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.19. Sealed Air had a net margin of 6.61% and a return on equity of 94.93%. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.31 billion. In the same quarter last year, the firm posted earnings of $0.80 per share. The company’s quarterly revenue was down 2.6% compared to the same quarter last year.

Other equities analysts have recently issued research reports on the stock. Mizuho raised shares of Sealed Air from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $36.00 to $50.00 in a research report on Thursday, 6 June. StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a research note on Friday. Wells Fargo & Company lifted their price objective on Sealed Air from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday. UBS Group cut their price target on Sealed Air from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Wednesday, July 17th. Finally, Royal Bank of Canada lowered shares of Sealed Air from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $43.00 to $40.00 in a research report on Friday, July 19th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Sealed Air currently has an average rating of “Moderate Buy” and a consensus price target of $42.60, according to MarketBeat.com.

See the latest EEA stock analysis

Sealed Air Stock Performance

Shares of SEE stock opened at $33.12 on Monday. The company has a quick ratio of 0.80, a current ratio of 1.33, and a debt-to-equity ratio of 7.49. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 4.27 and a beta of 1.35. The firm has a 50-day moving average of $36.31 and a 200-day moving average of $35.73. Sealed Air has a 52-week low of $28.50 and a 52-week high of $41.14.

Institutional investors weigh in on sealed air

A number of hedge funds and other institutional investors have recently modified their holdings of EEA. Family Firm Inc. bought a new stake in Sealed Air in the second quarter valued at $26,000. Fidelis Capital Partners LLC acquired a new position in shares of Sealed Air in the 1st quarter worth about $31,000. Allspring Global Investments Holdings LLC bought a new position in shares of Sealed Air in the 1st quarter valued at about $52,000. Signaturefd LLC boosted its stake in Sealed Air by 43.2% in the 4th quarter. Signaturefd LLC now owns 1,531 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 462 shares during the period. Finally, Covestor Ltd boosted its position in shares of Sealed Air by 651.2% in the first quarter. Covestor Ltd now owns 1,615 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors own 94.40% of the company’s shares.

Sealed Air Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a $0.20 dividend. This represents a dividend of $0.80 on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Friday, September 13. Sealed Air’s payout ratio is currently 32.13%.

About Sealed Air

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Sealed Air Corporation provides packaging solutions in the Americas, Europe, the Middle East, Africa, Asia, Australia and New Zealand. It operates through two segments, Food and Protective. The Food segment provides integrated packaging materials and automation equipment solutions to ensure food safety, extend shelf life, reduce food waste, automate processes and optimize total cost for food processors in fresh red meat, smoked and processed meat, meat bird, seafood, plants. fluid and liquid based markets and cheeses under the brands CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, LIQUIBOX, Simple Steps and Optidure.

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